‼️ 🇦🇺 Australia’s economy beat expectations in the June quarter, with GDP rising 0.4% quarter-on-quarter and 2.1% year-on-year, above forecasts of 0.3% and 1.8%, respectively. The stronger growth backdrop has prompted markets to price in an RBA rate hike by November, with swaps implying a September increase is now more likely than not.
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